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Finance

38 new branches, ATMs to be opened in Arunachal Pradesh: Union minister

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Union Minister Dr Bhagwat Kishanrao Karad has said that the banking industry would expand its network in Arunachal Pradesh as 38 new branches...
Finance

HSBC’s profit jumped by $1.5 billon from acquisition of SVB’s UK arm

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Banking giant HSBC said that its profits got a $1.5 billion boost from the purchase of collapsed Silicon Valley Bank's (SVB) British business...
Finance

Net profit zooms 86% at Rs 581.24 cr on improvement in margins

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UCO Bank net profit up 145% at Rs 504 cr in July-September quarterPlacement offers at IITs in 2023 may not be as high...
Finance

Chase India to set up SRO in light of recent crackdown on Chinese loan apps

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Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation...
Finance

RBI likely buying dollars to prevent rupee appreciation, absorb inflows

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MUMBAI (Reuters) - The Indian central bank is likely buying dollars via state-run banks to prevent the rupee from appreciating in the wake...
Finance

39% Indian families claim to be victim of online financial fraud: Report

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Around 39 per cent of families in a survey claimed to have experienced financial fraud in the last three years and only 24...
Finance

Rupee appreciates by 10 paise to 81.72 against US dollar in early trade

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The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak American currency and a...
Finance

Large corporates will never be allowed to open a bank in India: N Vaghul

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Large corporates will never be allowed to open a bank in India, veteran banker N Vaghul has said. Vaghul said India has learnt from...
Finance

State-run banks likely to launch special drive to recover written-off loans

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After being prodded by the Centre to expedite proceedings against defaulting borrowers, state-run banks are likely to launch a special drive to recover...
Finance

As risks loom, RBI asks banks not to increase exposure to unsecured loans to avoid banking sector crisis

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The Reserve Bank of India (RBI) is urging domestic banks to keep a close eye on their retail portfolios, especially unsecured loans, as...
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